Silver Elephant Mining Corp (ELEF)

Silver Elephant Files Lawsuit Against Andean Precious Metals Over Alleged Interference with Pulacayo-Paca Mining Production ContractJune 17, 2026 9:40 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 17, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") announces that it has, together with its subsidiaries Apogee Minerals Bolivia S.A. ("Apogee") and ASC Bolivia LDC Sucursal Bolivia ("ASC", and together with Silver Elephant and Apogee, the "Company"), filed a Notice of Civil Claim (the "Claim") in the Supreme Court of British Columbia, against Andean Precious Metals Corp. ("Andean") and three individuals: Federico Gil, Vice President of Legal and Administration of Andean; Juan Carlos Sandoval, Chief Financial Officer of Andean; and Humberto Rada, President of Empresa Minera Manquiri, S.A., Andean's wholly-owned Bolivian subsidiary (together with Andean, the "Defendants").The Claim arises out of the mining production contract (the "Mining Production Contract") entered into in 2019 between Apogee and Corporación Minera de Bolivia ("COMIBOL"), Bolivia's state-owned mining company, pursuant to which COMIBOL granted Apogee the right to conduct mining activities for 15 years, with a right to extend for a further 15 years, over certain of COMIBOL's mining concessions, including the Temeridad and Real del Monte concessions located in the Municipality of Uyuni, Department of Potosí, Bolivia (the "Pulacayo-Paca Project"). The Pulacayo-Paca Project is estimated to contain an indicated Mineral Resource of 106.7 million oz of silver, 1,384.7 million pounds of zinc, and 693.9 million pounds of lead as disclosed in a technical report by Mercator Geological Services (refer to the Company's news release dated October 13, 2020). The Company has advanced the Pulacayo-Paca Project for over two decades at a cost of over US$30 million to discover and develop this large mineral resource.The Claim alleges that the Defendants, with knowledge of the Mining Production Contract and of the Company's Master Services Agreement and Sales and Purchase Agreement with Andean to acquire oxide materials from the Pulacayo-Paca Project, acted in concert with one another to induce COMIBOL to terminate the Mining Production Contract for the Defendants' commercial benefit and at the Company's expense. As a direct result of this conduct, the Claim alleges that COMIBOL terminated the Mining Production Contract on December 16, 2024, without proper basis, and the Company suffered resulting damages.The Claim seeks general and special damages, punitive damages, interest pursuant to the Court Order Interest Act (British Columbia), and costs, which together are not possible to estimate with precision at this time but are believed to be substantial. For example, the Claim states that, having displaced the Company, Andean entered into an exclusive agreement with COMIBOL in February 2025 covering the sale and extraction of oxide materials from the Temeridad and Real del Monte concessions, and a further exclusive, long-term agreement in June 2025 for the purchase of up to seven million tonnes of oxide material over a 10-year term. According to the Claim, since February 2025, Andean has extracted approximately 250,000 tonnes of oxide material from the Pulacayo-Paca Project, with an estimated value of approximately US$100 million. This extraction demonstrates the economic viability of the Pulacayo-Paca Project, and the extracted tonnage represents only a fraction of the Pulacayo-Paca Project's documented resource. The value of the Mining Production Contract covering the Pulacayo-Paca Project, which Silver Elephant lost as a result of Andean's interference, could be multiple times the US$100 million worth of materials that Andean extracted since February 2025.The quantum of damages will be determined through the litigation process.This Claim follows a favourable arbitration award received by the Company in January 2026 in a related dispute with Andean under a separate Master Services Agreement and Sales and Purchase Agreement, pursuant to which the arbitrator ordered Andean to pay the Company the approximately US$1.0 million owed in full under the Master Services Agreement, plus pre-judgment interest, and rejected Andean's counterclaims in their entirety as described in the Company's news release dated January 28, 2026. The Claim concerns separate allegations and issues from those addressed in the arbitration proceeding.The Company will continue to pursue all available remedies to protect its rights and interests in the Pulacayo-Paca Project, including potential further claims against Andean, and administrative and judicial steps in Bolivia to reinstate the Mining Production Contract. The Company will provide further updates as appropriate.Qualified PersonThe technical content of this news release has been reviewed and approved by Carlos Zamora, CPG, an employee of the Company who is a Qualified Person as defined by National Instrument 43-101.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company advancing its Robinson-Lasher zinc-germanium-gallium project in Kentucky, located near a proposed US$7.4 billion zinc smelter, and its Pulacayo-Paca silver-lead-zinc Project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com. SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com FORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could," "estimates," "expects," "forecasts," "projects," and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, but is not limited to, statements regarding the Company's Notice of Civil Claim against Andean Precious Metals Corp. and others; the Company's allegations and claims in the litigation; the estimated quantum of damages allegedly suffered by the Company; the Company's intention to pursue all available remedies; the Company's ability to protect its rights and interests in the Pulacayo-Paca Project; the potential outcome, timing and conduct of the litigation; and any future updates regarding the litigation.Such forward-looking information, which reflects management's expectations regarding the litigation, the Company's rights, remedies and business prospects, is based on certain factors and assumptions, including assumptions regarding the facts underlying the Claim, the availability and sufficiency of evidence to support the Claim, the conduct and timing of court proceedings, the availability of remedies, the enforceability and collectability of any judgment or award, and the Company's ability to continue pursuing its legal rights and business objectives. Forward-looking information involves known and unknown risks and uncertainties that may cause actual results, performance, events or achievements to be materially different from future results, performance, events or achievements expressed or implied by such forward-looking information.Forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including, but not limited to: the inherent uncertainty of litigation; procedural decisions made by the court; the ability of the parties to obtain and present evidence; potential defenses, counterclaims or other responses by the Defendants; the timing and cost of litigation; the possibility that the Company may not recover any damages or may recover less than the amount claimed or estimated; enforcement and collectability risks; political and legal risks in the jurisdictions where the Company's projects are located; market conditions; changes in business plans; the ability to secure sufficient financing to advance the Company's mining projects and pursue litigation; changes in commodity prices; operational, technical, logistical and community-related risks; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca. Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301863 Original: Silver Elephant Files Lawsuit Against Andean Precious Metals Over Alleged Interference with Pulacayo-Paca Mining Production Contract

Silver Elephant Announces Change of DirectorsJune 15, 2026 8:31 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 15, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce the appointment of Mr. Anthony Garson to the Board of Directors, effective immediately. Mr. Garson brings extensive industry experience to the Board. His background in project oversight and commercial operations will provide valuable insight as Silver Elephant continues to advance its core resource projects.The Company also announces that Mr. Nigel Lees has retired from his position as Director of the Company, effective June 11, 2026. The Company thanks Mr. Lees for his years of dedicated service, leadership, and valuable contributions to Silver Elephant, and wishes him well in his retirement.Following these changes, the Board of Directors consists of John Lee, Greg Hall, Douglas Flett, and Anthony Garson.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.comFORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301483 Original: Silver Elephant Announces Change of Directors

Silver Elephant Expects June Sale of New Silver Concentrate Batch Ahead of ScheduleJune 12, 2026 8:19 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 12, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce that 1,220 tonnes of silver-bearing material, with an average silver grade of 410 g/t Ag[1], has been trucked to the toll-milling facility from the Company's Apuradita Silver Project ("Apuradita") in Bolivia. The silver-bearing material is ready for processing into a third batch of silver concentrate for expected sale in June.Underground mining operations at Apuradita continue at a steady rate. Production has improved following the development of additional mining faces, equipment upgrades, and increased manpower. The Company is advancing additional mining faces through crosscuts and drifts to extract silver-bearing mineralized material from these new areas. The Company currently expects to produce between 400 and 600 tonnes of mineralized material per month in 2026 subject to permitting threshold, with concentrate sales planned on a quarterly basis.As outlined in the news release dated July 8, 2024, silver-mineralized material at Apuradita is being extracted using the shrinkage stoping method. The two stopes are designed with approximate dimensions of 30 meters in length, 20 meters in height, and 4 meters in width, at an extraction rate of 20 to 40 tonnes per day. Historical drilling and internal geological interpretations indicate sulphide mineralization averaging approximately 412 g/t Ag, 1.09% Pb, and 0.38% Zn. (refer to the Company's news release dated July 8, 2024, for the underlying drill hole parameters and supporting technical data under National Instrument 43-101 standards).As announced in the news release dated April 30, 2026, the Company is active in surface sampling situated approximately 20 meters vertically above the Apuradita tunnel system. Sampling of additional mineralized zones that are potentially amenable to open-pit mining is also ongoing.The Company appreciates the continued support from local communities.Qualified PersonThe technical content of this news release has been prepared under the supervision of Carlos Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101. The Qualified Person has reviewed and verified the data disclosed herein, including sampling, analytical and test data, and considers it to be reliable for the purposes of this disclosure.QA/QCSilver Elephant Mining Corp. sends samples to ALS Global Laboratories in Oruro, Bolivia, for sample preparation, after which the prepared pulps are shipped to ALS Global Laboratories for analysis in Lima, Peru. Samples are analyzed using Intermediate Level Four acid digestion. Silver over-limits ("ore grade") are determined by fire assay with a gravimetric finish for precise quantification. ALS Laboratories' sample management system meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures. All samples are collected from HQ and NQ-diameter diamond drill core, which is longitudinally halved using a diamond-blade masonry saw. One-half of the core is submitted for laboratory analysis, while the other half is preserved at the Company's secured core facility for future reference. All core is photographed and undergoes geotechnical analysis and detailed geological logging by the Company's qualified geologists prior to sampling.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could," "estimates," "expects," "forecasts," "projects," and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, but is not limited to, statements regarding the expected June sale of silver concentrate; production forecasts, rates, throughput and extraction of silver-bearing material; processing and toll-milling of material; concentrate sales; permitting matters; grades, recoveries and mineralization; transport and logistics; commodity prices; and related operational, regulatory, market and technical risks. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties that may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including, but not limited to: market conditions; changes in business plans; the ability to secure sufficient financing to advance the Company's mining projects; delays or failures in processing, toll milling, transportation or concentrate sales; delays in obtaining or maintaining permits and other regulatory authorizations; variability in grades, recoveries and metallurgical performance; changes in commodity prices; operational, technical, logistical and community-related risks; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.[1] Grade of mineralized material is based on representative sampling and assay results of the trucked ore lots.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301276 Original: Silver Elephant Expects June Sale of New Silver Concentrate Batch Ahead of Schedule

Silver Elephant to Acquire High-Grade Robinson-Lasher Zinc-Germanium-Gallium Project in Kentucky, 90 Miles from Proposed US$7.4 Billion Korea Zinc Smelter in TennesseeJune 12, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 12, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it has entered into a binding definitive Asset Purchase Agreement (the "APA") with CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech") dated June 11, 2026 to acquire the Robinson-Lasher zinc-germanium-gallium project (the "Robinson-Lasher Project"), located in the Illinois-Kentucky Fluorspar District ("IKFD") in Livingston County, Kentucky (the "Transaction"), approximately 90 miles north of the planned US$7.4 billion Korea Zinc zinc smelter in Clarksville, Tennessee.The Transaction TermsSubject to the terms and conditions of the APA, Silver Elephant will acquire the Robinson-Lasher Project by:issuing 6,300,000 common shares of Silver Elephant to CleanTech at a deemed price of C$0.13 per share (the "Payment Shares") on closing, resulting in CleanTech holding approximately 9.9% of the issued and outstanding common shares of Silver Elephant on a pro forma basis; andpaying aggregate cash consideration of US$1,255,000 in scheduled installments of: US$85,000 on or before September 1, 2026; US$85,000 on or before September 1, 2027; US$85,000 on or before September 1, 2028; and US$1,000,000 on or before September 1, 2029 (subject to the conditions described below). In addition, on or before September 1, 2029, Silver Elephant must incur a minimum of US$2,000,000 in exploration expenditures at the Robinson-Lasher project; and complete an independent technical report prepared by a qualified person. CleanTech through its wholly owned US subsidiary, entered into an option to purchase ("OTP") the Robinson-Lasher Project from an arm's length third party. The OTP terms are detailed in CleanTech's news release dated August 12, 2025. Title to the Robinson-Lasher project will be transferred to Silver Elephant upon CleanTech fulfilling the OTP terms and Silver Elephant fulfilling the Transaction terms. Completion of the Transaction remains subject to a number of conditions, including receipt of all required approvals under applicable securities laws and stock exchange requirements, including any required approval of the Toronto Stock Exchange and the TSX Venture Exchange, including and, as applicable, any required disinterested shareholder approval of each of Silver Elephant and CleanTech. John Lee serves as Chief Executive Officer and a director of both Silver Elephant and CleanTech. Mr. Lee will abstain from board voting in the Transaction.The Robinson-Lasher ProjectThe Robinson-Lasher Project comprises approximately 1,524 acres of mineral rights in Livingston County, Kentucky. Zinc and fluorspar mineralization occurs as bedded and replacement-style mineralization in Mississippian-age carbonate rocks along the Robinson Fault structure - a classic Mississippi Valley-type ("MVT") setting, the same style of mineralization as the Tennessee zinc mines that operated for over 50 years, supplying metals concentrate to the Nyrstar zinc smelter (acquired by Korea Zinc in April 2026) in Clarksville, Tennessee. The Robinson-Lasher Project has been extensively drilled with 232 historic drill holes.1 There was an existing 1,270-foot production decline reaching approximately 240 feet of vertical depth, together with a ventilation shaft. There was limited production history and underground access is subject to rehabilitation. There exists an historic resource estimate of 387,225 tons grading 14% zinc for the Robinson-Lasher project published by US. Steel Corporation in 19832.Critical-Metal CreditsIn 2008, Dynamex Resources completed a four-hole, 2,513-foot confirmation drilling program that returned results supportive of historic zinc mineralization. Hole DXHR-01 - the thickest zinc intercept drilled on the property - also returned anomalous germanium (10 to 220 ppm) and gallium (up to 20 ppm), two critical minerals that are reported to be recoverable by Korea Zinc at its proposed smelter project in Clarksville Tennessee.Robinson-Lasher Prime Address: New Zinc-Gallium-Germanium Smelter Hub Within 90 On December 15, 20253, Korea Zinc Co., Ltd., which owns and operates the world's largest non-ferrous metals Onsan smelter in Ulsan, South Korea, announced a proposed US$7.4 billion integrated zinc and critical minerals smelter to be built in Clarksville, Tennessee, through its U.S. subsidiary Crucible Metals, LLC and joint venture vehicle Crucible JV LLC. The project is reported to be backed by the U.S. Government and private capital, including the U.S. Department of War (the largest voting holder of the joint venture) and the U.S. Department of Commerce, which awarded a US$210 million CHIPS Act grant, together with approximately US$1.94 billion of equity from the U.S. Government and strategic investors and approximately US$4.7 billion of debt financing arranged by the U.S. Department of War and J.P. Morgan (J.P. Morgan providing US$2.349 billion).4The facility is expected to be the first primary zinc smelter built in the United States since the 1970s, constructed on the site of the former Nyrstar Clarksville smelter - the only operating primary zinc smelter in the U.S. - which Crucible Metals has acquired. Modeled on Korea Zinc's flagship Onsan complex, the Clarksville facility is designed to produce, at full capacity, approximately 300,000 tonnes of zinc, 200,000 tonnes of lead and 35,000 tonnes of copper annually, plus strategic by-products including antimony, indium, bismuth, tellurium, germanium and gallium - 13 products in total, 11 designated as critical minerals by the U.S. Government.5 Phased commercial operations are slated to begin in 2029. CleanTech estimates this implies a zinc concentrate feed requirement on the order of 600,000 to 700,000 tonnes per year for the smelter. Korea Zinc has publicly stated it intends to prioritize sourcing feedstock domestically within the United States and from Mexico and South America. The Company believes the potential zinc-gallium-germanium concentrate production from the Robinson-Lasher Project can be a valuable, and highly sought-after feedstock to the new smelter facing declining domestic zinc concentrate feed from dwindling already existing zinc mining projects. Zinc Rally Amid Tightening Zinc Mine Supply Zinc is currently trading at multi-year high of approximately US$1.6/lb (based on recent LME cash zinc price quotations) approaching the all-time high of US$2.2/lb in 2006. The recent zinc price strength has been supported by reported supply tightening in both U.S. and global zinc markets as well as logistical bottlenecks and supply disruption from South America:Red Dog, the largest zinc mine in the United States and one of the largest in the world, operated by Teck Resources in northwest Alaska, has been reported to close in 2031 based on currently developed reserves, absent the development of additional deposits - potentially removing a major source of domestic and global mine supply.6Globally, the zinc market has been on a structurally tighter footing since the shutdown of several major mines, including Australia's Century mine7 - formerly one of the world's largest, producing an average of approximately 475,000 tonnes of zinc concentrate per year - which ceased open-pit production in 2015 with final concentrate shipped in early 2016, alongside the closure of Ireland's Lisheen mine in the same period.Zinc remains an essential industrial and strategic metal. Its primary application is galvanizing, protecting steel from corrosion across construction, automotive and infrastructure markets, with growing use in die-casting alloys, brass and energy-storage applications. Historical Estimate DisclosureThe resource estimates and drill results disclosed in this news release are "historical estimates" and "historical results" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The historical estimates were prepared prior to the implementation of current CIM Definition Standards, and the key assumptions, parameters and methods used to prepare them are not fully available to the Company. The historical estimates have not been verified or validated by the Company as current mineral resources or mineral reserves. A qualified person, as defined under NI 43-101, has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves. The historical estimates should not be relied upon. The historical drill results have not been independently verified by the Company and true widths are not known. Significant additional work, including data compilation and validation, confirmatory drilling and updated geological modeling, would be required before the historical estimates could be upgraded to or verified as current mineral resources. There is no guarantee that any of the historical estimates will be realized or that any mineralization reported in historical drilling will support a current mineral resource estimate. Qualified PersonThe technical contents of this news release have been prepared under the supervision of Carlos Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101. The Qualified Person has reviewed the disclosure contained herein and, subject to the limitations described under "Historical Estimate Disclosure," believes it has been summarized fairly from the source materials available to the Company for the purposes of this news release.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes, without limitation, statements regarding the completion and timing of the acquisition contemplated by the APA; the issuance of the Payment Shares; and the exercise of the underlying option to acquire the Robinson-Lasher Project; the receipt of stock exchange, shareholder, regulatory and other required approvals; planned exploration expenditures; the development potential of the Robinson-Lasher Project; the significance of historical exploration results; and the construction, financing, commissioning, operating capacity, feedstock requirements, sourcing intentions and expected timing of Korea Zinc's announced Project Crucible. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: the risk that the Transaction contemplated by the APA may not close on the terms anticipated or at all; failure to satisfy or waive closing conditions; failure to obtain applicable stock exchange, shareholder, minority, regulatory or other required approvals; risks associated with non-arm's length transaction requirements under applicable stock exchange requirements; the risk that the final US$1,000,000 payment may never become due or payable; the risk that CleanTech may not exercise or complete the underlying option to acquire the Robinson-Lasher Project; title, royalty and underlying property agreement risks, including any Oracle royalty; risks relating to the accuracy and completeness of historical data, historical estimates and historical drill results; risks that additional work may not support current mineral resources or economic extraction; market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; commodity price fluctuations; and general economic, geopolitical and operating conditions. In addition, the Company has no control over third-party development projects, including Project Crucible, and there can be no assurance that such project will be financed, constructed or operated as publicly described, or that it will create any demand or strategic advantage for the Robinson-Lasher Project. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.1 North American Exploration Inc., July 2008, Shawnee Zinc Exploration Project, Hampton Prospect, Livingston County, Kentucky, O. Jay Gatten
2 US. Steel Corporation, 1983, Illinois-Kentucky Fluorspar District properties report: Frontier Spar Corporation & USS Resource Development, 257 p.
3 https://www.nist.gov/news-events/news/2025/12/department-commerce-awards-chips-incentives-subsidiary-korea-zinc-crucible
4 https://investors.koreazinc.co.kr/media/z1pp5yu3/korea-zinc-us-smelter-investment-english.pdf
5 https://investors.koreazinc.co.kr/media/z1pp5yu3/korea-zinc-us-smelter-investment-english.pdf
6 https://www.teck.com/operations/united-states/operations/red-dog/
7 https://www.mining.com/glencore-closes-another-zinc-mine/To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301261 Original: Silver Elephant to Acquire High-Grade Robinson-Lasher Zinc-Germanium-Gallium Project in Kentucky, 90 Miles from Proposed US$7.4 Billion Korea Zinc Smelter in Tennessee

Silver Elephant Delivers Additional High-Grade Silver Concentrate Sale in April from Its Bolivian Silver Mining OperationApril 30, 2026 9:15 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce that it has sold a second silver-lead concentrate lot from the Company's Apuradita Paca Mining Operation ("Apuradita") in Bolivia.The 31.6-tonne (dry basis) silver-lead concentrate grading 8,795 g/t Ag and 24% Pb was produced at a toll mill facility and sold in April 2026. Approximately 8,936 oz of silver was contained in concentrate and sold at US$74.8 per oz. The processing campaign treated approximately 1,845 tonnes of Apuradita feed grading 248 g/t Ag and 0.8% Pb.Underground mining operations at Apuradita continue at a steady rate with the Company maintaining a monthly production target of 300 tonnes of silver-bearing mineralized material for the remainder of 2026. The Company notes highly-prospective exploration potential with initial tranche results demonstrating the silver-bearing mineralization at Apuradita extends to surface, which is approximately 20 meters vertically from the tunnel. The feed tonnages may be expanded beyond 2026 as additional mineralized zones are delineated and developed.As outlined in the news release dated July 8, 2024, sulphide mineralized material at Apuradita is being extracted using the shrinkage stoping method. The two stopes are designed with approximate dimensions of 30 meters in length, 20 meters in height, and 4 meters in width, targeting an extraction rate of 20 to 40 tonnes per day. Based on historical diamond drilling and internal geological modeling, the average grade of sulphide material is 412 g/t Ag, 1.09% Pb, and 0.38% Zn (see the Company's news release dated July 8, 2024, for the underlying drill hole parameters and technical data required by National Instrument 43-101).Ongoing underground development has delineated multiple high-grade areas within the Apuradita tunnel, and the Company is advancing additional mining faces through crosscuts and drifts to access and extract silver-bearing mineralized material from these zones.In parallel, the Company has identified three distinct mineralization zones within the broader Apuradita project that are potentially amenable to open-pit mining. Systematic sampling of all zones is underway to define the silver grade and lateral extent of mineralization. The Company appreciates the continued support from local communities, while operations continue at a steady rate with expansion plans underway. Qualified PersonThe technical contents of this news release have been prepared under the supervision of Carlos Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101. The Qualified Person has reviewed and verified the data disclosed herein, including sampling, analytical and test data, and considers it to be reliable for the purposes of this disclosure.QA/QCSilver Elephant Mining Corp. sends samples to ALS Global Laboratories in Oruro, Bolivia for sample preparation, after which the prepared pulps are shipped to ALS Global laboratories for analysis in Lima, Peru. Samples are analyzed using Intermediate Level Four acid digestion. Silver over-limits ("ore grade") are determined by fire assay with a gravimetric finish for precise quantification. ALS Laboratories' sample management system meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures. All samples are collected from HQ and NQ-diameter diamond drill core which is longitudinally halved using a diamond-blade masonry saw. One-half of the core is submitted for laboratory analysis, while the other half is preserved on the Company's secured core facility for future reference. All core is photographed and undergoes geotechnical analysis and detailed geological logging by the Company's qualified geologists prior to sampling.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295165
Original: Silver Elephant Delivers Additional High-Grade Silver Concentrate Sale in April from Its Bolivian Silver Mining Operation

Silver Elephant Provides Early Warning Disclosure on Disposition of Oracle Commodity Holding Corp. Common SharesApril 16, 2026 4:54 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces the disposition of an aggregate of 750,946 common shares of Oracle Commodity Holding Corp.
(TSXV: ORCL) ("Oracle"), completed on April 6 and April 7, 2026 ("Common Shares"). The Common Shares were sold through the facilities of the TSX Venture Exchange at $0.04 per Common Share for total consideration of $30,037.84 (the "Transaction").Prior to the Transaction, the Company owned 12,200,110 Common Shares, representing approximately 10.13% of the issued and outstanding common shares on an undiluted basis. The disposed Common Shares represent approximately 0.62% of the issued and outstanding common shares on an undiluted basis. Following the Transaction, the Company holds 11,449,164 Common Shares, representing approximately 9.50% of the outstanding Common Shares on an undiluted basis.The Transaction was completed for general working capital purposes. The Company may, from time to time, acquire or dispose of additional securities of Oracle, depending on market and other conditions.This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report containing additional information will be filed on the System for Electronic Document Analysis and Retrieval+ ("SEDAR+") at www.sedarplus.ca. A copy of the early warning report may be obtained, following its filing, on Oracle's SEDAR+ profile.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in BoliviaFurther information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293003
Original: Silver Elephant Provides Early Warning Disclosure on Disposition of Oracle Commodity Holding Corp. Common Shares

Silver Elephant Closes Second and Final Tranche of Non-Brokered Private PlacementFebruary 13, 2026 4:50 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 13, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it has closed the second and final tranche of its previously announced non-brokered private placement (the "Private Placement"), further to its news releases dated January 19, 2026, January 23, 2026 and February 3, 2026, raising gross proceeds of $260,000 through the sale of 1,040,000 units (the "Units") at a price of $0.25 per Unit. Together with the first tranche closing on January 23, 2026, Silver Elephant has raised a gross total of $825,000. Each Unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.32 per Share for a period of three years from issuance. In connection with the Private Placement, the Company issued 28,000 finder's units (the "Finder's Units") to eligible finders. The finder's Warrants underlying the Finder's Units have the same terms and conditions as the Warrants comprising the Units.Three insiders of the Company (the "Insiders") subscribed for aggregate gross proceeds of $85,000. The issuance of Units to the Insiders are considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the Insiders participation in the Private Placement did not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction. The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that jurisdiction.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in BoliviaFurther information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement.Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283951
Original: Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement

Silver Elephant Increases Non-Brokered Private Placement to $825,000February 3, 2026 1:17 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it has increased the size of its non-brokered private placement (the "Private Placement") previously announced in its news releases of January 19, 2026 and January 23, 2026, to an aggregate of up to 3,300,000 units (each, a "Unit") at a price of $0.25 per Unit, for gross proceeds of up to $825,000. Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional Share at a price of $0.32 per Share for a period of three years from the date of issuance.Finder's Fees of up to 7% Finder's Units may be payable in connection with the Private Placement. Each Finder's Unit will consist of one Share and one non-transferable share purchase warrant, with each warrant entitling the holder to purchase one additional Share of the Company at a price of $0.32 per share for three years from the date of issuance. The Company intends to use the net proceeds from the Private Placement primarily for directors' fees and general working capital purposes.The securities issued in connection with the Private Placement are subject to a regulatory hold period of four months plus one day from the date of issue under applicable Canadian securities laws. The Private Placement is subject to final acceptance by the Toronto Stock Exchange. Further to the Company's news release dated January 28, 2026, the Company continues its efforts to collect amounts owing from Andean Precious Metals Corp. pursuant to the arbitration award.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.ON BEHALF OF THE BOARD"John Lee"CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement.Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282554
Original: Silver Elephant Increases Non-Brokered Private Placement to $825,000

Silver Elephant Receives Favorable Arbitration Award in Dispute with Andean Precious MetalsJanuary 28, 2026 2:18 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Silver Elephant Mining Corp.  (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it has received a favorable arbitration award in its dispute with Andean Precious Metals Corp. ("Andean") arising from a contractual dispute under the parties' Master Services Agreement ("MSA") and related sales and purchase agreement executed on September 11, 2023. As previously disclosed in its news release dated February 27, 2025, Silver Elephant delivered a dispute notice to Andean under the MSA, which led to the commencement of the arbitration proceedings. Pursuant to the binding decision, the arbitrator found that Andean breached the MSA by failing to pay additional consideration owing to Silver Elephant and ordered Andean to pay Silver Elephant USD 1.0 million (the "Additional Consideration"), together with pre-judgment interest of approximately USD 36,077.37, compounded monthly from December 18, 2024 to the date of the award. In her 88-page award dated January 26, 2026, the arbitrator rejected all of Andean's counterclaims, including allegations that Silver Elephant wrongfully terminated the MSA, as asserted in Andean's news release dated December 31, 2024.The arbitrator further found that Silver Elephant did not engage in any illegal mining activities, as alleged by Andean and by Corporación Minera de Bolivia ("COMIBOL"), as detailed in the Company's news release dated December 31, 2024.The arbitrator further ordered that USD 274,553.55 in respect of a security deposit advanced by Andean in 2024 be set off against the Additional Consideration payable to Silver Elephant. This set-off amount is consistent with Silver Elephant's calculations and results in a substantial net recovery to the Company. The outcome is well received by Silver Elephant.Separately, the Company is evaluating further claims against Andean in connection with Andean's ongoing mining activities in the Paca area, which forms a core part of the Mining Production Contract ("MPC") that has been in dispute since December 31, 2024, between COMIBOL and Silver Elephant. The MPC had granted Silver Elephant exclusive rights to mine and develop Pulacayo and Paca projects since 2019. Silver Elephant continues to pursue a number of administrative and judicial avenues to reinstate the MPC with COMIBOL and will provide further updates as appropriate. About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281936
Original: Silver Elephant Receives Favorable Arbitration Award in Dispute with Andean Precious Metals

Silver Elephant Announces Favorable Tax Tribunal Ruling in MongoliaJanuary 28, 2026 2:05 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that the Mongolian Tax Tribunal (the "Tribunal") has issued a decision dismissing and cancelling a supplementary tax assessment issued to its subsidiary, Redhill Mongolian LLC ("Redhill"), by the Mongolian tax authorities. The supplementary tax assessment, issued on September 11, 2024, alleged MNT 63.8 billion (approximately CAD 24.6 million) in corporate income tax, value-added tax and related penalties and interest, as a result of the Company's internal restructuring of its Mongolian subsidiaries in 2021. For further information, please refer to the Company's disclosure documents under its profile on SEDAR+ (www.sedarplus.ca). Following a hearing on Friday, January 23, 2026, the Tribunal ruled by majority vote in favor of Redhill, dismissing the tax assessment in its entirety. As a result of the Tribunal's decision, the supplementary tax assessment has been cancelled.The Tribunal's decision is final, and the official written decision and resolution of the Tribunal are expected to be delivered in February 2026.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc project in Bolivia.Further information on Silver Elephant can be found at www.silverelef.com.SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD"John Lee"
CEO and Executive ChairmanFor more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
info@silverelef.com
www.silverelef.comFORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281931
Original: Silver Elephant Announces Favorable Tax Tribunal Ruling in Mongolia

John Lee is a crook and couldn't manage a popcorn stand

Except that China is getting all the ore... please.

terrible CEO. he has not created any shareholder wealth

LOL... that aged quite well.

What a great day of trading... $SILEF

When all 4 of the companies are trading it will be interesting to see how far underwater we are. The Vanadium and the Battery metals company are yet to trade. I was surprised Flying Nickel did as well as it did. Anyway, we still have a chance with this stock IMHO. I keep asking myself why I got back in. LMAO

OK Johnny boy - show your stuff!!!!!!!!!!

LOL...now they call a REVERSE SPLIT a....consolidation of common shares?!!?

I'd call it DEATH for shareholders.

Man glad i sold this thing off.

SILEF: Silver Elephant shareholders will receive, in respect of every 10 Shares held: (i) one post-consolidation common share of Silver Elephant. No fractional Post-Consolidation Shares will be issued pursuant to the Arrangement. Any fractional entitlements to Arrangement Shares will be rounded down to the nearest whole number without payment of any additional compensation.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

when is the spinoff?
or have the shares already been distributed ?

so do you know the total number of shares ?

Things are beginning to look interesting. Nice move up yesterday on no news.

THIS STOCK IS SO DILUTED YOU WILL NEVER MAKE A CENT HERE...

Save your money ..scam

NO VALUE HERE PEOPLE......

Told you all to run months ago....it's a pump n dump.....

I won't be trying to catch a falling knife. No more buying for me unless it gets back above .30. The CEO has disappointed me too many times. Money talks and BS walks and so far he's been a walker!

I'm back in for a small position. They are proving up their Minago nickel reserves and nickel demand should continue up! Also drilling a nice piece of ground in Pulacayo. If we aren't at the bottom now we must be very close. I expect drill results later this summer to be really good.

Hit my stops. Color me gone. Divesting copper company may make them some $ but it's an unknown at this point!

Nickle back over $8. The plot thickens. Continuing to accumulate slowly.
GLTALs

Nice interview. Thanks for the direct. More good drill results recently. Nickel still creeping up. Ready to break $8 lb. I've added a few more shares here and have some low ball bids in. What's not to like?

New John Lee interview with Palisades Gold Radio on YouTube today.

DEAD MONEY....!!!!...ZERO GAINS...

Nickel prices on the rise again. GLTM

I'd like to see nickel prices get back above $7.50 pound. It seems to be trying. SILEF has more than 100 million oz. of indicated silver in ground and 100 million lb. of nickel. 2.2 billion of lead and zinc, 1 billion of nickel & vanadium. They continue to derisk their assets and the majors are beginning to take notice. If metals start to take off I'll be adding a lot of shares! I'm looking forward to silverfest II coming this October to meet the players. CEO John Lee is making things happen.
GLTA

According to CEO SILEF has 1/2 oz of silver in the ground for every share of stock. His goal is to get 1 oz. for every share. I like the risk/reward chances here! Added a tiny bit more today.

Not yet - but they will IMHO!

Looks like SILEF has hit pay dirt

https://www.silverelef.com

Added a few at .285. Silver getting hit today. Nickel holding up above $7.
Going to be interesting to see how EV does for the rest of this year with the chip shortage.

For sure those Millenials must like the Dolphins. My DLPN jumped 373% today. Still jumping in after hours on news that I don't think warrants this move. I bailed at $25.50. Closed yesterday at $5.25. I'll take a 5 bagger in a day anytime. Now if this Elephant can do anything like that I'll be a happy retired camper. Also riding some Uranium stocks that have doubled but I think are still solid.

Come on Elephant - make us some silver.

GLTAS

Silver Elephants Sunawayo Drills 3 Meters of 421g/t Silver, Multiple Intercepts over 100g/t AgEq

Millennials never buy for rational reasons because rationality is a characteristic of the patriarchy. Their feminist mothers and bisexual fathers taught them to listen to the sound of a word and if it makes you happy, then it must be good.

And there is nothing Millennials love hearing more about than elephants and dolphins and unicorns & rainbows.

So this stock can do well on its name only. And furthermore, its ticker symbol may show whenever someone searches for SIL which is the well known silver producers, mining ETF. So it can get that crowd too.

It doesn't matter if it has any real business operations. That's not important to the Millennial generation who anyway are unable to distinguish between what is a man and what is a woman.

They bot NWGC solely because of its globalist sounding name. NWGC doesn't have a working telephone or website. It has over 2 billion shares out and no cash apparently. But it went from 1pt to nearly 1 cent in a couple weeks. You could;ve bot a million shares last year for about $200, then sold a week ago for $9000.

This is a whole new world where the worse stocks go up, but the real companies producing silver and gold see their shares fall for lack of interest. Don't try to figure it out.

TOLD EVERYONE THIS WAS A TIRD....A YEAR AGO IN THE MEAN TIME IVE MADE OLE ABOUT 8 MILLION IN WEED STOCKS....YOUR WELCOME....""APHA""...IS THE SYMBOL IF YOU WANT TO RETIRE...GOING TO 300 DOLLARS IN 24 MONTHS.....DEAD MONEY HERE

I think silver and nickel have just about found their bottom. As it turns out the company has no plans to produce nickel from Minago but keep the resourse in the ground and let the price rise. Elon Musk quote follows -

“Well, I’d just like to re-emphasize, any
mining companies out there, please mine
more nickel. Okay. Wherever you are in the
world, please mine more nickel.”

I'll continue to add shares cautiously and wait for the game to develop. SILEF plans to triple it's silver holdings this year and I believe they will. They certainly are non-traditional in the way they drill to prove up reserves but it is very cost effective. CEO has plenty of skin in the game so he is incentivised to provide shareholder $ returns. Color me long and patient. I tried to add some cheap shares today with silver prices down but didn't get filled at .292. Maybe tomorrow.

Nickel was pounded over the past week to 3 month lows. Does anyone believe that will hold when commodities begin to reflect the sins of the printing pres fed?

GLTAL

Silver and gold have really been taken to the woodshed this week. My SILEF has finally got on the "take a beaten train". My total PF took a spankimg today while the market rallied hard. They usually spike em down just before a run. I hope that's what this week was about. Silver $25.25 but I doubt you can buy any physical near that price!

Silver has been pounded hard the past couple of days but SILEF is hanging in there. Very interesting! All my PM holdings are down but SILEF is actually up.

Silver is up .95 as I write this post. If silver could make a strong breakout I think any miner sith Silver in it's name will rise sharply. I added a few shares of SILEF today. Hopefully, Silve4r makes it's long awaited breakout in March. I also added some ASM.

GLTAL

Middleborder
Thanks for the update. I'm optimistic about the potential for nickel but I'll hang in there and watch the volume and price movement before I buy any more shares. They have seemed pretty solid of late.

Tejas747; I moved out several weeks ago. Things I like; royalty income from their Mongolian coal mines. Sort of dislike it for the same reason. I think they have good holdings of silver, but all they do is drill for samples. They have a Vanadium mine in Nevada, scheduled to open this or next year. (We know how that goes!)
I have not followed the nickle mine. I have been watching REES and Scandium in other companies. I suspect SILEF be overextended in their holdings. Plan to hold and sell them sometime??

Good luck and good investing.

(I will still watch and might consider investing again in the future. )

(EVERYONE SHOULD DO THEIR OWN DUE DILEGENCE!)